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What should the President do next?

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  • Independent
    Ohio
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    He got his tax increase. A 2% increase on everybody and a larger increase on the rich. He seems to be obsessed with getting another tax increase. I'm pretty sure he's not going to get it. If he wanted to cut spending he would have already done it. Nothing is holding him back. I have seen no hint that he is really interested in smaller government and reduced spending. I think his "balanced approach" is a bait and switch. The republicans gave him his tax increase and I doubt they will be giving him another one anytime soon. The President has this huge, spiraling debt hanging around his neck. So without yet another tax increase, what should he do?
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    Mimic Greece??
    Oh, hell no.
  • Center Left
    Independent
    Central, FL
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    First of all........ The repubs didn't give him anything. As a result of the fiscal cliff taxes went up to the levels at the time of the Clinton admin. He's talking now about closing some loop holes on the wealthy. Generating some revenue but letting the repubs say that they didn't agree to a tax increase. Through the lack of negotiations, there sure will be spending cuts. It's already on our local news which (govt. defense related) jobs will be cut.
  • Independent
    Ohio
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    TJ Wrote: First of all........ The repubs didn't give him anything. As a result of the fiscal cliff taxes went up to the levels at the time of the Clinton admin. He's talking now about closing some loop holes on the wealthy. Generating some revenue but letting the repubs say that they didn't agree to a tax increase. Through the lack of negotiations, there sure will be spending cuts. It's already on our local news which (govt. defense related) jobs will be cut.
    The government does not "generate revenue" they get it from us. And we should stop sugar coating tax hikes by calling them revenue. Most people don't want higer taxes because they are convinced the money will be wasted. Gobbled up by the insatiable government beast with nothing real to show for it. That said, the items that you mentioned are not enough. Not nearly enough. If implemented the national debt clock will not reverse. It will not stop. Hell it won't even slow down. The effect will be zippo. The problem will still be there and getting worse. So what should Obama do?
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    What is your idea for what he should do?
    You asked the question so you have to answer first. 'Tis only fair.
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    Altair --

    It might be a question of semantics, but all the Bush tax cuts indeed expired on December 31st. Hence everyone's taxes went up automatically on January 1st as per the prior tax laws. Obama and Democrats technically didn't raise anyone's taxes...rather the opposite. What the Obama administration sold on January 2nd was a tax decrease for middle class Americans and some upper middle class...those making less than $400,000 per year. The rich...well their very favorable Bush tax cuts finally expired on December 31st and were not renewed. Oh there were a few adjustments to some of them as well, but essentially that part of their decade long gravy train was over.

    The payroll taxes also went up by 2 percent on January 2nd as the two year holiday on that reduction also expired automatically. Obama had no control on extending that tax cut...or at least no leverage with the Republican controlled House.

    Just wanted to make that clarification.
  • Center Left
    Independent
    Central, FL
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    Altair,
    You sure are showing the side of you that belongs on that conservative message board that you mentioned you belong to. As woven mentioned, you bring up the problem...... do you have any solutions ? You realize a big part of this current debt are the tax cuts and wars that Bush didn't pay for don't you. Selective memory ? We're going to have a hell of a mess on Friday and hopefully the ultimate pay off will be less repub's re-elected in the next round of elections. The congress are simply worthless.
  • Democrat
    Meridian, MS
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    I am not paying 2% more, so where are you paying 2% more? And it was NOT a increase on the rich, it was merely a return to what their tax rates USED to be. If a store is having a sale on tires for one's car, say 15% off, when the sale goes off, is it said that the store is raising prices? EXACTLY. That's what the rich, and everyone, have had since Bush's huge unpaid-for tax cuts, a sale on their taxes. That sale has now been eliminated for the rich. But no law was passed to increase taxes.